Excess supply of dollars in the foreign exchange market represents a balance of payments deficit in the U.S

Consider the budget line in the above figure. If the consumer's income is $120, then the price of a book is

A) $10 per book. B) $12 per book. C) $6 per book. D) More information is needed to determine the price of a book.

GDP per capita:

A. tells us how much is produced per person in an economy. B. paints a clearer picture of how thin the output is spread across a population. C. is calculated by dividing GDP by the population size of the economy. D. All of these statements are true.